Transparency
Market Research’s new report on the global
multi nutritional supplement market delves into the developments
of the said market at length for the 2016-2024 period. The title of
this report is “Multi Nutritional Supplement Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 –
2024.” The report presents a comprehensive evaluation of this
market based on historical data, qualitative insights, and verifiable
market size projections. The projections presented in this report are
derived using validated research methodologies and assumptions.
The
report states reasons for the expeditious development of the dietary
supplements market, which includes multi nutritional supplements as
well. Worldwide, the increasing awareness among consumers about
health and diet has led to the increased demand for nutritional
supplements. Consumers have recognized that certain types of foods
are insufficient to meet the complete nutritional requirements. This
has caused them to turn toward nutritional supplements. Some of the
supplements available are vitamin, mineral, meal replacement, herbal,
and sports supplements.
However,
due to hectic everyday schedules and changing lifestyle choices,
consumers now prefer multi nutritional supplements for daily
nutritional requirements. For example, athletes and sportsmen often
prefer vitamin and mineral supplements combined or vitamin calcium
combined with probiotics. As such, the use of multi nutritional
supplements is on the rise due to their all-in-one nutritional
benefits.
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In
emerging countries, the rising disposable income and improved
economic conditions have led to substantial spending on dietary
supplements. Consumers now prefer multi nutritional products that
have all the supplements packed in one instead of taking a few
supplements separately to fulfill their nutritional requirements.
The
availability of dietary supplements through several retail channels
is also favoring the growth of this market. These products are
available in health stores, hypermarkets, drug stores, and
supermarkets. Top brands that operate in this market often promote
their products through medical professionals. Lately, social media
has emerged as a worthwhile medium for marketing dietary supplement
products.
Despite
factors that are driving the growth of this market, the high price
factor of multi nutritional supplements is challenging the market’s
growth. Nevertheless, the market displays robust growth opportunities
in developed regions such as North America, Western Europe, and
Japan.
On
the basis of consumers’ age, the segments of the multi nutritional
supplement market are women, adults, elderly persons, pregnant women,
and infants. In terms of form, gel capsules, soft capsules, liquids,
tablets, capsules, and powders are the segments of this market.
Some
of the top players that have a significant presence in the global
multi nutritional supplements market are Nature’s Bounty Inc.,
Rexall Sundown Inc., Amway Puritan’s Pride Inc., and others.
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